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. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-34
. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#:...
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Oct 5, 2012
10/12
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and what a second term obama administration would look like. and what it would do for middle class americans all over this country. i think we achieved that. i think what we didn't expect is for that mitt romney to show up. i know mitt romney is an aggressive debater, a great debater, in his own words. was one of the things he used as a credential to becoming the republican nominee. we didn't expect him to be aggressively dishonest last night. >> was the president taken by the number of lies? >> well, you know, i think that, you know, today looking back at last night, you saw what the president did on the stump today. called mitt romney out for what he did last night. not just about his $5 trillion tax cut but a number of other things. and, you know, we'll continue doing that. as i was listening to your piece coming into me, and you talked about our ad. we went on the air today. we're going to continue doing it pointing out all the things mitt romney said last night that are basically not true. it's almost as if he forgot what the last six year
and what a second term obama administration would look like. and what it would do for middle class americans all over this country. i think we achieved that. i think what we didn't expect is for that mitt romney to show up. i know mitt romney is an aggressive debater, a great debater, in his own words. was one of the things he used as a credential to becoming the republican nominee. we didn't expect him to be aggressively dishonest last night. >> was the president taken by the number of...
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>> that's, of course, why the obama administration is not spiking the ball tonight. but we are finally beginning to clean up the mess that was created under the bush administration and the blind eye that was turned to wall street, and, of course, romney is trying to change his story, too. in the debate he said, oh, i'm not against regulating wall street. really? they're for repealing the dodd/frank bill, creating the stage that would actually take us back to where we were at the hemorrhaging of jobs. we're finally beginning to turn the corner. >> when we look at what we saw on wednesday night, the president certainly under fire for this less than dynamic performance, some questioning whether he entered this debate under prepared and over confident. as we pointed out at the top of the show, you are vice chair of the obama campaign, did you president underestimate his opponent and did it take the wind out of your sails for the work you're doing for the president to get re-elected. >> i'll tell you what, it's really hard to argue against somebody who shows up with total
>> that's, of course, why the obama administration is not spiking the ball tonight. but we are finally beginning to clean up the mess that was created under the bush administration and the blind eye that was turned to wall street, and, of course, romney is trying to change his story, too. in the debate he said, oh, i'm not against regulating wall street. really? they're for repealing the dodd/frank bill, creating the stage that would actually take us back to where we were at the...
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Oct 5, 2012
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administration going bankrupt. he didn't actually mean that. sort of rolled over from democratic and liberal bewilderment last night that mr. romney was abandoning his main economic plan that he was running on, his $5 trillion tax cut plan, his big trickle-down plan, to be rolled over from democrats being bewildered about that to the beltway press and mainstream pundits i think now having a hard time deciding whether they are supposed to call that a lie or whether they're supposed to just say this is a radically new position for the candidate and welcome to it. joining us now, jonathan alter, columnist for "bloomberg news" and msnbc political analyst. mr. alter, great to have you here. >> hi, rachel. >> how does president obama counter the strategy of mitt romney's to unveil whole new ideas or deny he ever held the ideas that he plainly has held? it's one thing to have a truth squad fact checking online. how do you counter that at the podium? >> one is i'm rubber, you're glue, bounces off and sticks to you. trickle
administration going bankrupt. he didn't actually mean that. sort of rolled over from democratic and liberal bewilderment last night that mr. romney was abandoning his main economic plan that he was running on, his $5 trillion tax cut plan, his big trickle-down plan, to be rolled over from democrats being bewildered about that to the beltway press and mainstream pundits i think now having a hard time deciding whether they are supposed to call that a lie or whether they're supposed to just say...
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Oct 5, 2012
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under the obama administration and their justice department, they sent thousands of guns to the most evil people on the planet, the mexican drug cartels. they had a massive campaign to manipulate public opinion with the whole a 90% nonsense. the president, vice president, secretary clinton, they sounded like a barbershop quartet singing that. it was not true. they were ruining the lives of honest american citizens that own firearm shops that they told to make the sales. they went ahead and make the sales and the media is reporting there are unscrupulous dealers and some they even tried to prosecute. when good federal agents down the line blew the whistle on the mess, they tried a massive cover-up scene. the best way to give eric holder his walking place papers is to give president obama his walking papers on election day. we really are on the edge of an obama cliff. before president obama thought the gun owners matter, he was for a handgun ban, semiautomatic ban, he was for banning single shot, side-by-side shotguns. he wanted to raise the excise tax that you would pay on firearms an
under the obama administration and their justice department, they sent thousands of guns to the most evil people on the planet, the mexican drug cartels. they had a massive campaign to manipulate public opinion with the whole a 90% nonsense. the president, vice president, secretary clinton, they sounded like a barbershop quartet singing that. it was not true. they were ruining the lives of honest american citizens that own firearm shops that they told to make the sales. they went ahead and make...
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Oct 5, 2012
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the investigation is part of an effort by the obama administration for health care savings. next is a call from florida, this is gerard. caller: thank you for taking my call. my call this morning -- [unintelligible] when you answer the question, about the role of the government, [unintelligible] they believe people can vote without an id. [unintelligible] i do not understand that. i need someone to explain that. host: thank you. from florida on a voter id. on twitter -- the government's role is to ensure that america is a nation of laws. were billionaire tax cheat sit next to mom welfare cheat, both broke the law. next is sean. pennsylvania, a democrat. good morning, you are on. i am callingler: in about the debate that took place on monday. i believe the wealthy should pay more taxes. isght now, the middle tax suffering. that mitt romney literally lied. he said this, and then last night he changed -- wednesday night he changed it up. about the 47%. for the middle class, he is not. years for the rich people. and all of those on wall street. thank you for giving me the opport
the investigation is part of an effort by the obama administration for health care savings. next is a call from florida, this is gerard. caller: thank you for taking my call. my call this morning -- [unintelligible] when you answer the question, about the role of the government, [unintelligible] they believe people can vote without an id. [unintelligible] i do not understand that. i need someone to explain that. host: thank you. from florida on a voter id. on twitter -- the government's role is...
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Oct 5, 2012
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administration. jack welch bei one of those. >> what i would say to those that say that we're cooking the books, first of all, it insults the integrity of the labor department, but secondly, it also means that they're not looking closely enough at the numbers, and typically what happens is that analysts put too much emphasis on the jobs report number. that number by virtue of the way it's collected from some 130,000 establishments and it's done through some by fax machine and others, that number is always going to be very variable. it's much like the adp number that we get earlier than even that number, so it's adjusted up and down every month, and so some months it will be down and adjusted upward, and other months it will be up and adjusted downward. >> it's a balance. >> yes. that's going to happen. but what's interesting is that -- >> tell us real quick what's interesting. >> last month it was adjusted upward, and we would expect it to happen this month. >> it's good news all around. thank you, d
administration. jack welch bei one of those. >> what i would say to those that say that we're cooking the books, first of all, it insults the integrity of the labor department, but secondly, it also means that they're not looking closely enough at the numbers, and typically what happens is that analysts put too much emphasis on the jobs report number. that number by virtue of the way it's collected from some 130,000 establishments and it's done through some by fax machine and others, that...
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remember, this is the end of the bush administration, early obama administration, the economy was bleeding jobs. 800,000 jobs a month at one point. spurt a growth, back down again. this is what the president says, no, it's not as robust as i would like, but look at this. look at this. since 2010 the economy has been adding jobs including 114,000 in september. that's what the president would say. governor romney says that's not enough. and with less regulation, lower taxes, other pro-business incentives you could create more. last month, health care jobs up, transportation jobs up. this one, wolf, in a report largely encouraging for the president, this is a bit discouraging, manufacturing jobs are down. if you look at the history of manufacturing in the obama presidency, again, you have the huge drop early on and a bit of a recovery since. but manufacturing jobs are still down from the beginning of the obama presidency. let me walk back over to this map for a second. that does matter in places like, the battleground states as well as anyone, ohio's a battleground, iowa's a battleground, in
remember, this is the end of the bush administration, early obama administration, the economy was bleeding jobs. 800,000 jobs a month at one point. spurt a growth, back down again. this is what the president says, no, it's not as robust as i would like, but look at this. look at this. since 2010 the economy has been adding jobs including 114,000 in september. that's what the president would say. governor romney says that's not enough. and with less regulation, lower taxes, other pro-business...
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we have seen the obama administration tried to do that the last four years and we have seen ideas from the ronny administration. romney administration. host: how large a role this manufacturing plant in the u.s.? -- does manufacturing play in the u.s.? guest: a lot of people feel like it is is dying industry in america, but take a look at the numbers. the u.s. still the world's largest manufacturer. manufacturing comprises 11.7% of gross domestic product. manufacturing comprises 9% of total u.s. employment. and it is directly employing 10.9 million workers in the u.s. host: we are going to get into the numbers and look at how things like 9% total employment have changed at the last couple of decades. mr. morath, let me ask about the kinds of manufacturing done. surely that has changed the last couple of decades. guest: we have a fairly robust automotive industry, but there are a number of different areas where things have changed and could change further, such as increasing energy production -- oil, gas, refining. host: this chart is from the bureau of labor statistics, a sister agency
we have seen the obama administration tried to do that the last four years and we have seen ideas from the ronny administration. romney administration. host: how large a role this manufacturing plant in the u.s.? -- does manufacturing play in the u.s.? guest: a lot of people feel like it is is dying industry in america, but take a look at the numbers. the u.s. still the world's largest manufacturer. manufacturing comprises 11.7% of gross domestic product. manufacturing comprises 9% of total...
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the curious position taken by the obama administration. in particular, the view that the statutes should allow for liability in some foreign cases, but not work is a corporation in one country being sued in another. it did not seem like the argument had any fans of the court yesterday, but i am curious if the panelists have talked about whether that is an intermediate position. whether the court might see that as a way out of this. whether jon cash explain why this brief was not signed by his -- wide jon cash explain why this brief was not signed by his predecessor. -- whether john can explain why this brief was not signed by his predecessor. >> it is so difficult to be a government official. you have to represent all of these competing interests. yes, you want to provide lawsuits that combine the -- provide accountability for bad human rights abuses. you want to uphold international law and prevent abusive reciprocal actions. in the first round of briefing, the administration filed a brief which people applauded. yes, corporations can be
the curious position taken by the obama administration. in particular, the view that the statutes should allow for liability in some foreign cases, but not work is a corporation in one country being sued in another. it did not seem like the argument had any fans of the court yesterday, but i am curious if the panelists have talked about whether that is an intermediate position. whether the court might see that as a way out of this. whether jon cash explain why this brief was not signed by his...